Nominex Review – A 145% ROI Boris Ponzi Scheme!

Nominex is a MLM company that operates in the cryptocurrency niche. The domain name was registered back in November 2017, but was recently updated in July 2021 with Russia as the registered address. No domain owner information was available because it was privately registered. 

To make themselves appear legitimate, they have a Seychelles incorporation certificate, but for the purpose of due-diligence, this is absolutely meaningless. Seychelles is often flooded by nefarious individuals because of its lack of regulations. 

Nominex’s Seychelles incorporation uses an address that’s used by fifty other companies, indicating that Nominex is a shell company listed here. 

The CEO of Nominex is Pavel Shkitin, based in Saratov, Russia, confirming furthermore that the company does not even operate in Seychelles. 

Nominex’s traffic comes from Argentina, Russia, and Costa Rica. We believe these are the countries that they have found their victims in. 

Nominex Product Line

Nominex offers no retail products and services. Access to their income opportunity can be only be granted through recruiting and investing. Outside of the MLM opportunity, Nominex has a cryptocurrency exchange program. 

Does The Product Work?

Nominex claims that they’re a team that will fight for you and great Crypto justice, whatever the hell that means. 

When it comes to the legitimacy of their exchange, it’s only undermined by the presence of the NMX token. NMX token is, as you guessed it, their own proprietary token from which they can generate by demand. 

Investments made towards Nominex are converted into NMX tokens, and paid out the same way. 

NMX is a BEP-20 token, so they can easily set it up within a few minutes. As of April 2021, NMX was publicly tradable. The value went up, but as expected from a shitcoin, it plummets to the lowest point. Typically happens when people dump any shitcoin. 

And just like that, Nominex will simply prevent people from cashing out. They first did that by providing incentives for holding on to the tokens, as seen below: 

But now, they resorted to just shutting it completely, citing technical issues with the platform and all that. 

So their victims are now left with no cash and no tokens. This is a common exit scheme carried out by Ponzis who create BS BEP-20 tokens.

Nominex only offers one way to make money and that’s through recruitment. Recruitment generates new member investments. 

How To Get Started with Nominex?

Nominex membership is free, but if you want to take part in the income opportunity, you’ll need to invest a minimum of 100 USDT. 

Nominex Compensation Plan

Nominex members invest in NMX tokens, based on the promise fo a 145% annual ROI. members can invest NMX and USDT based on a 500% ROI. They also solicit the following investment tiers, starting at 100 USDT:

• Starter – up to 100 USDT

• Partner – 100 USDT

• Pro – 300 USDT

• VIP – 1000 USDT

• Elite – 5000 USDT

• Max – 10,000 USDT

The MLM side of their income opportunity relies on residual and referral commissions, paid out in NMX tokens.

Referral Commissions

Nominex members receive referral commissions based on percentages made by their personally recruited members. Commission rates are based on investment tier:

• Starter and Partner – 20% referral commission rate

• Pro – 25% referral commission rate

• VIP – 30% referral commission rate

• Elite – 35% referral commission rate

• Max – 40% referral commission rate

Nominex also pays out referral commissions on NMX returns paid to personally recruited members. This is again determined by their investment tier:

• Starter – no ROI referral commissions

• Partner – 5% ROI referral commission rate

• Pro – 8% ROI referral commission rate

• VIP – 10% ROI referral commission rate

• Elite – 15% ROI referral commission rate

• Max – 20% ROI referral commission rate

Residual Commissions

Nominex pays out residual commissions based on a binary compensation structure. This structure places you at the top of the team. 

Two positions are opened under you, and labeled as your left and right legs. Once these positions are filled, two more positions open up under them. This will give you four new positions to work with. And this will go on infinitely in theory. 

Residual commissions are paid out as a percentage of returns from the weaker binary team side. 

Residual commission rates are determined by how much a member has invested: 

• Starter tier affiliates do not receive residual commissions

• Partner tier affiliates receive a 5% residual commission rate

• Pro tier affiliates receive an 8% residual commission rate

• VIP tier affiliates receive a 10% residual commission rate

• Elite tier affiliates receive a 15% residual commission rate

• Max tier affiliates receive a 20% residual commission rate

Fee Commissions

Nominex members earn a percentage of fees that members collect from their recruits. However, fee rates are not disclosed.

#1 Straight Ponzi Scheme!

Nominex is a straight out Boris Ponzi scheme. It means that this is a Ponzi scheme operating out of Russia, or parts of Eastern Europe. They’re categorized as a Boris Ponzi scheme because we believe they could be operating as one large network. 

Nominex might also be a reboot of an existing Ponzi scheme, but at this point, their network is already too big to unravel. 

#2 No Cashing Out Allowed!

As mentioned earlier, members are no longer able to cash out their NMX tokens because Nominex is about to exit the scheme. This means that they will shut down the company and then rebrand into something else. They will still carry out the same MO’s, with the same BEP-20 token, and possibly the same spokesperson/owner. 

#3 Securities Fraud!

Nominex carries out financial transactions on behalf of their members, which constitutes securities offering. They would need to be registered with financial regulation authorities in Russia, or wherever country they are operating in.

The absence of a registration means only one thing: securities fraud. And believe us when we say that the Bank of Russia is quick to spot these Ponzis and issue warnings.

There’s nothing to like about Nominex.

Nominex is a Ponzi scheme. Nothing more, nothing less. There’s no proof that they’re a legitimate company, nor are they permitted to carry out securities offerings for their members. 

If you get caught promoting Nominex, or any Ponzi scheme, you could land some jail time. 

Stay away from Nominex. 

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